Reacting to the Union Budget 2025, AEPC Chairman Sudhir Sekhri called it inclusive, forward-looking, and a strong push for export-led growth and job creation in the textile sector. He highlighted key measures supporting MSMEs, innovation, and competitiveness.
The budget promotes the ‘Make in India, Make for the World’ vision with MSME financing ease, skilling programs, and support for start-ups. It extends concessional duty on textile machinery imports until 2027 and fully exempts two shuttle-less loom types from import duties to boost advanced textile production.
A five-year cotton productivity mission will help farmers grow extra-long staple cotton with scientific support, ensuring a steady supply for India’s textile industry. Credit guarantee cover for micro enterprises doubles to Rs 10 crore, unlocking Rs1.5 lakh crore in financing. MSME investment and turnover limits will also increase for better access to capital.
The government will launch an Export Promotion Mission with MSMEs to tackle non-tariff barriers. Five National Centres of Excellence for skilling will equip youth with expertise for global manufacturing.
AEPC Secretary General Mithileshwar Thakur said initiatives like BharatTradeNet for digital export processes will drive investment and export growth, reinforcing India’s competitive edge.
